A California-based commercial fusion energy company recently agreed to lease a massive industrial space in Los Lunas.
Pacific Fusion will lease over 200,000 square feet of industrial space at the Los Morros Business Park for its first New Mexico build center, a Village of Los Lunas Oct. 13 press release shows.
At the build center, Pacific Fusion will manufacture many of the components for its Demonstration System, which will be housed in the 225,000-square-foot facility it is building at Mesa del Sol.
Pacific Fusion’s lease term for its build center space is five years, Los Lunas Senior Economic Developer Victoria Archuleta said in an email statement. Its lease payment was undisclosed.
Pacific Fusion will continue to use its space at the Los Morros Business Park as a manufacturing hub after construction of its Mesa del Sol facility is completed, a Pacific Fusion spokesperson said.
The company will also operate out of the build center while its Mesa del Sol facility is developed, the release shows.
Tom Franchini and Bill Robertson of Colliers New Mexico-El Paso represented Corniche Capital and the building owner, David Ebrahimzadeh, in the deal, Archuleta said.
“As one of New Mexico’s fastest-growing communities, Los Lunas is proud to be the launchpad for Pacific Fusion’s expansion,” Archuleta said in the release.
“This investment represents more than just jobs — it opens the door to a future of technological innovation and sustainable growth for our region.”
The company is building its Mesa del Sol facility in an attempt to demonstrate its fusion technology can achieve net facility energy gains, previous Albuquerque Business First reporting shows.
Proving this is an essential milestone to putting carbon-free electricity on the grid, previous Albuquerque Business First reporting shows.
The company considered building this facility in two other out-of-state locations before choosing Albuquerque in September, previous Albuquerque Business First reporting shows.
Now that Pacific Fusion has chosen to build the $104.8 million facility in Albuquerque, it will create 200 long-term jobs and generate an estimated
nearly $1.2 billion in economic impact over the next decade, previous Albuquerque Business First reporting shows.
The salaries for these jobs will range from $40,000 to six figures depending on the position and experience level of the applicant, according to a spokesperson. The company is currently hiring in New Mexico, its website shows.
It expects to hire 14 people for its New Mexico location by the end of 2025, 72 people by the end of 2026, 167 people by the end of 2027 and 224 people by the end of 2028, previous Albuquerque Business First reporting shows.
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Source >>> Albuquerque Business First